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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose in August
In the UK, retail sales across all sectors registered a rise of 0.20% on a YoY basis, in August. Retail sales across all sectors had recorded a rise of 0.50% in the prior month.
UK manufacturing PMI fell in August
The manufacturing PMI in the UK recorded a drop to a level of 52.80 in August, compared to a revised level of 54.80 in the prior month. Market anticipation was for the index to fall to a reading of 53.90.
Euro-zone manufacturing PMI eased in August
The final manufacturing PMI in the Euro-zone registered a drop to a level of 54.60 in August, compared to a reading of 55.10 in the prior month.
German manufacturing PMI declined in August
In Germany, the final manufacturing PMI fell to a level of 55.90 in August, lower than market expectations of a drop to a reading of 56.10. In the prior month, the index had recorded a level of 56.90.
RBA maintained its interest rate
The Reserve Bank of Australia (RBA), in its September monetary policy meeting, kept its interest rate unchanged at 1.50%. Moreover, RBA Governor, Philip Lowe stated that the central bank was closely monitoring the nation’s property market to decide when to intervene.
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